Investors React to a Slide in the U.S. Dollar
Markets respond to the President-elect's first press conference since July.
Investors were reacting to a slide in the U.S. dollar following the U.S. president-elect's first press conference since winning the election in November. European pharma shares were hit hard after Trump accused the companies of "getting away with murder."
Global oil was headed higher as a weaker dollar offsets solid U.S. stockpile data to boost prices. The U.S. Energy Information Administration reported a larger-than-expected build in U.S. crude inventories.
A defensive tone in Europe was signaled by a quick fall in government bond yields.
